What is Kanye West's New Net Worth?
A few days ago, rapper, Kanye West was featured on Forbes as a billionaire. This has been a life-long dream for the rapper and he can’t yet get enough of it. According to Forbes, West gave a glimpse into his personal finances, making his net worth at $1.3 billion (£1.4 billion).
Currently, as of 2022, Kanye West is worth $1.8 billion.
His total net worth includes his stake in Yeezy’s trainer line worth $1.26 billion which Forbes describes as “one of the greatest retail stories of the century.” Prior to his recent billionaire breakthrough, Forbes reported that “when we last checked in with Kanye West, the mercurial hip-hop superstar-turned-footwear magnate, was tiptoeing through a lot of parking lot crop circle composed of hundreds of pairs of his Yeezy sneakers.”
When asked about the numbers of the company, Kanye declined to give any direct response as he claimed not to be “a numbers guy” and compared it to asking “your grandmother exactly what the recipe of the cake was.” According to Forbes, West was only interested in one number, and that is a billion dollars. This was clearly demonstrated after West called out Forbes on a different interview, saying they didn’t regard him as a billionaire even after showing them an $890 million receipt.
West was seen to have snapped once again after the annual Forbes billionaires list was released earlier this month with his name not included. Following the release of the Forbes list, he texted a Forbes journalist saying: “You know what you’re doing ... you’re toying with me and I’m not finna Iye down and take it anymore in Jesus name.”
He quickly attributed this to racism issues as his sister-in-law Kylie Jenner made it to the list. This was quite contrary to the case as Forbes was yet to see actual proof of his billionaire status. Regardless of that West still expressed dissatisfaction and sent a text to the magazine saying “It’s $3.3 billion since no one at Forbes knows how to count.”
A few days ago, the rapper finally made it to Forbes as a billionaire after he asked his team to provide Forbes with what they consider to be an authentic numeric look into Kanye Inc. Three major things stood out for Forbes:
In just a few years of starting out, West had managed to build a strong brand that has become a strong competitor for Nike’s Air Jordan, globally.
West is overly boastful as he claims in words and paper to be worth $3 billion, yet isn’t able to defend it because he isn’t ‘a numbers guy’.
Lastly, based on Forbes’ estimate, West’s stake at Yeezy makes him a billionaire.
West’s team also mentioned that West has other notable assets including $81 million in property and $21 million in land. Together with his wife, the rapper is also known to own several properties in Los Angeles and Wyoming. According to Forbes, his record label GOOD Music and rights to his back catalog all worth at least $90 million.
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